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UK News
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FTSE 100 snaps 3-day winning streak as high yields weigh
Published at 04/03/2021 at 17:10 -
European shares end lower as miners and tech are pressured by firmer yields
Published at 04/03/2021 at 17:04 -
Rising U.S. yields knock European stocks, miners slump
Published at 04/03/2021 at 08:30 -
FTSE 100 falls as high yields, inflation worries return to fore
Published at 04/03/2021 at 08:28 -
UK Stocks-Factors to watch on March 4
Published at 04/03/2021 at 07:43 -
UK Stocks-Factors to watch on March 4
Published at 04/03/2021 at 05:39 -
European stocks muted as rise in yields, inflation bets curb initial gains
Published at 03/03/2021 at 17:15 -
Banks, homebuilders shine as British shares rally on budget boost
Published at 03/03/2021 at 17:06 -
European stocks rally, FTSE jumps 1% ahead of budget
Published at 03/03/2021 at 08:21 -
Commodity, bank stocks lift UK shares higher ahead of budget
Published at 03/03/2021 at 08:20
Forex News
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FOREX-Dollar hits three-month highs as Fed's Powell sticks to script
Published at 04/03/2021 at 20:26 -
FOREX-Dollar pares gains before Fed's Powell speaks
Published at 04/03/2021 at 15:11 -
FOREX-Dollar holds before Powell speaks, Swiss franc falls to five-month low
Published at 04/03/2021 at 12:33 -
FOREX-Dollar holds gains ahead of Powell, Swiss franc falls to 5-month low
Published at 04/03/2021 at 08:53 -
FOREX-Dollar holds nerve before Powell, Aussie and kiwi rise again
Published at 04/03/2021 at 05:54 -
FOREX-Dollar bides time, looks to Powell for inspiration
Published at 04/03/2021 at 02:38 -
FOREX-Dollar on the front foot as focus shifts to Powell
Published at 04/03/2021 at 00:46 -
FOREX-Dollar gains with yields, U.S. growth seen likely to outperform
Published at 03/03/2021 at 20:41 -
FOREX-Dollar gains as U.S. growth seen likely to outperform
Published at 03/03/2021 at 15:08 -
FOREX-Dollar slips as bond yields drop and investor sentiment strengthens
Published at 03/03/2021 at 11:15
Market News
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Oil scales 1-year peak as OPEC+ rolls over output for April
Published at 04/03/2021 at 20:15 -
PRECIOUS-Gold crumbles under rising yields, dollar; hits 9-month low
Published at 04/03/2021 at 19:46 -
PRECIOUS-Gold rises as easing bond yields offset firm dollar
Published at 04/03/2021 at 12:42 -
PRECIOUS-Gold prices off 9-month low, but pressured by rising bond yields
Published at 04/03/2021 at 07:48 -
REFILE-Oil prices firm on prospect of OPEC+ maintaining supply cuts, drop in U.S. inventories
Published at 04/03/2021 at 03:40 -
PRECIOUS-Gold recovers from 9-month low, but higher yields weigh
Published at 04/03/2021 at 01:23 -
Oil gains as U.S. fuel stocks drop, OPEC+ considers deal rollover
Published at 03/03/2021 at 20:03 -
PRECIOUS-Gold slides to 9-month low as rising bond yields, dollar dim appeal
Published at 03/03/2021 at 18:59 -
PRECIOUS-Gold slips as U.S. bond yields and equities dull its appeal
Published at 03/03/2021 at 13:04 -
PRECIOUS-Gold prices under pressure on firm U.S. Treasury yields
Published at 03/03/2021 at 07:58
FOREX-Dollar's bounce fades as risk appetite rises
Published at
22/01/2021 at 01:45
* Graphic: World FX rates
By Tom Westbrook
SINGAPORE, Jan 22 (Reuters) - The dollar was headed for its worst week of the year on Friday, as investors cheered in the Joe Biden administration by buying riskier currencies and refreshed bets that a pandemic recovery could push the greenback lower still.
Against the euro , the dollar is down almost 0.8% this week and it touched a week-low of $1.2173 per euro on Friday. The dollar index has fallen by the same weekly margin, and was steady at 90.075 early in the Asia session.
The euro had found some support from the European Central Bank keeping policy steady and accommodative.
Scandinavian currencies have led the charge higher, with the Norwegian crown up 1.8% for the week, helped by Norges Bank's decision to hold its policy rate steady, albeit at zero. The Swedish crown is up 1.4% for the week.
The risk-sensitive Antipodean currencies have also been gainers, with the Australian dollar up 0.8% and the kiwi climbing more than 1% over the week so far.
Sterling rose to a 2-1/2 year high of $1.3745 overnight on hopes Britain's vaccine roll-out can usher in a rebound in growth. It held at that level on Friday, up 1% for the week.
The sentiment-driven moves have eroded gains made by the U.S dollar since the Democrats won control of the U.S. Congress earlier this month. The dollar had risen along with U.S. Treasury yields on expectations of more fiscal stimulus and government borrowing under a Biden administration.
"It's pretty hard to run away from the enduring strong negative correlation between U.S. equity performance and the U.S. dollar," said Ray Attrill, head of FX strategy at National Australia Bank, as stock market sentiment spills over.
"I think the market is far happier focusing on the potential positives of the Biden administration's proposed fiscal plans...rather than any of the negatives," he said.
"For the time being, while it seems to be onwards and upwards for stocks, it's put the dollar back on the back foot."
The dollar was steady against the Japanese yen on Friday at 103.58, but has lost 0.3% over the week.
A heavy sell-off in Bitcoin saw the cryptocurrency drop 5% in Asia trade on Friday to hit an almost three-week low of $28,800.
Later on Friday, preliminary purchasing managers' index figures are due across Europe and the United States, and weakness is expected as fresh waves of coronavirus infection have driven new lockdowns and curtailed growth.
========================================================
Currency bid prices at 9:38AM in Singapore (0138 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar $1.2167 $1.2169 -0.01% -0.41% +1.2178 +1.2162
Dollar/Yen 103.5600 103.5100 +0.08% +0.30% +103.6100 +103.5100
Euro/Yen 126.01 125.91 +0.08% -0.72% +126.0600 +125.9000
Dollar/Swiss 0.8853 0.8851 +0.02% +0.07% +0.8856 +0.8846
Sterling/Dollar 1.3721 1.3736 -0.09% +0.45% +1.3735 +1.3718
Dollar/Canadian 1.2657 1.2638 +0.17% -0.59% +1.2660 +1.2635
Aussie/Dollar 0.7755 0.7765 -0.12% +0.81% +0.7769 +0.7750
NZ 0.7207 0.7220 -0.14% +0.40% +0.7224 +0.7209
Dollar/Dollar
All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Tom Westbrook; Editing by Ana Nicolaci da Costa)
((tom.westbrook@tr.com; +65 6318 4876;))